The Hindu Business Line : Saturday, October 24, 2009

Hardy abandons exploration in one D9 well of KG basin
Reliance stock plunges 4% on BSE; at least three more wells to be drilled. Mumbai, Oct. 23 It took one piece of bad news from its favourite hunting ground, the Krishna-Godavari Basin, to send the Reliance Industries stock plummeting nearly four ...

SEBI allows stock exchanges to go 9-5
Mumbai, Oct. 23 The Securities and Exchange Board of India (SEBI) on Friday allowed stock exchanges to extend trading time by almost two-and-a-half hours, permitting them to operate between 9 a.m. and ...

At the concluding session... Brokers feel extra time would only add to stress
NAV calculation: MFs’ back-office staff to face the heat. Mumbai, 23 October SEBI’s permission to the stock exchanges to extend their trading hours fetched mixed reactions from the trading community, but the dominant response was ...

More mobiles ring in the rural areas than urban
48 million new users in Bharat against 32 m in India in Jan-July 2009. New Delhi, Oct. 23 Mobile growth in the rural areas has outpaced that in cities for the first ...

‘Knowledge test’ soon to assess company directors
New Delhi, Oct. 23 Company directors will have to shape up if the Government has its way. They will not be able to remain silent about the wrongdoings of a board or offer the excuse that they were ignorant of such ...

India Inc starts Q2 well
The consumer goods and agri-business segments helped ITC Ltd record an income of Rs 4,345 crore in the second quarter of 2009-10, up 13 per cent from the Rs 3,862 crore posted in the same period last year. Net profit was up 26 per cent at ...

BSNL awaiting Govt decision on IPO
Due diligence on both Zain Telecom, Vasavi group. Bangalore, Oct. 23 The Initial Public Offering (IPO) of State-owned telecom major Bharat Sanchar Nigam (BSNL) Ltd has ...

FMCG, agri-biz segments drive ITC net profit up 26%
Better product mix, smarter sourcing of inputs help. Kolkata, Oct. 23 Backed by a growth in the fast moving consumer goods (FMCG) and agri-business segments, ITC Ltd posted 26 per cent growth in net profit at Rs 1,009 crore for the quarter ended ...

Is gold a safe-haven asset?
Gold prices are going through the roof once again with each burst of boom seeing the yellow metal scale a new ...

Onset of N-E monsoon by Wednesday
Thiruvananthapuram, Oct. 23 International model forecasts on Friday indicated that the north-east monsoon may break over coastal Tamil Nadu and Kerala by ...

Sick men of Asia and the West
Several years ago, when the European Union (EU) was trying to draft for itself a common Constitution, I got invited to a conference at which Mr Valerie Giscard d’Estaing, the chairman of the Constitution Committee, was also present. It was ...